InfoWARE Analyst Daily Market Report (12-Sep-2024 15:07:47.807)

InfoWARE Analyst Daily Market Report (12-Sep-2024 15:07:47.807)
(Source: InfoWARE Terminal, Date: 12-Sep-2024)

Dear Investor,

InfoWARE Analyst Daily Market Report - 12-Sep-2024 15:07:47.805

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.32%, to bring the Year-to-Date returns up 27.68%. The All Share Index closed at 97,025.17 against the previous close of 96,715.04, volume traded decreased by -34.90% from 599.26M to 390.11M, while market turnover (the total value of shares traded) decreased by -8.88% from NGN8.70B to NGN7.93B in 9,447.00 deals.
Market breadth (1.47x) signified Forty-four (44) advancers, as against Thirty (30) decliners. Volume was up for 71 companies and down for 89

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
CAVERTON	2.10	32.76	10.00	32.76	75.00	77.69	17.86
UPDC	1.48	24.62	9.46	24.62	26.56	16.55	29.60
ETRANZACT	7.30	18.52	9.59	18.52	42.86	77.78	32.23
RTBRISCOE	3.02	17.73	9.93	17.73	3.75	367.61	444.26
BERGER	20.50	17.33	7.32	17.33	53.85	46.67	69.23
CUSTODIAN	14.20	14.52	0.00	14.52	26.22	46.39	57.78
MCNICHOLS	1.54	14.07	0.00	14.07	-0.65	38.74	67.39
FLOURMILL	45.05	11.35	9.99	11.35	8.19	11.35	49.70
FBNH	24.00	10.00	10.00	10.00	17.86	14.78	11.63
SFSREIT	163.15	9.98	0.00	9.98	20.94	60.90	60.98

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
LEARNAFRCA	3.36	-12.35	7.74	-12.35	-14.62	9.70	13.48
STANBICETF30	491.40	-11.55	-10.00	-11.55	-19.59	-35.44	-35.06
SOVRENINS	0.67	-10.00	-5.97	-10.00	-13.70	28.57	46.51
GREENWETF	765.00	-10.00	0.00	-10.00	-13.07	-10.00	-36.25
NNFM	43.50	-9.94	0.00	-9.94	-9.94	-9.94	-4.40
ACADEMY	2.63	-9.93	0.00	-9.93	-9.93	32.16	35.57
MERVALUE	244.00	-9.83	-4.10	-9.83	-10.00	455.03	605.24
CORNERST	2.45	-9.69	-4.90	-9.69	-4.51	22.63	55.33
SKYAVN	25.00	-8.92	-4.00	-8.92	-8.92	17.65	-11.60
JBERGER	140.00	-8.77	0.00	-8.77	-17.89	42.86	225.58

For more detailed analysis, on InfoWARE Market Data Terminal <NSEPERF> <GO>
On InfoWARE Finance Mobile App (Android, iPhone & iPad, Windows Phone and Windows 8/10), "Top Gainers & Losers"

CAVERTON OFFSHORE SUPPORT GRP PLC (CAVERTON) topped the advancers list closing at N2.31 with a gain of 10.00% followed by FBN HOLDINGS PLC (FBNH) which closed at N26.40 with a gain of 10.00%.

On the flip side VETIVA S & P NIGERIA SOVEREIGN BOND ETF (VSPBONDETF) and STANBIC IBTC ETF 30 (STANBICETF30) topped the decliners log with a loss of -24.81% at a close of N203.00, and -10.00% to close the day at N442.26 respectively.

Top Gainers

Symbol	LClose	%Chg
CAVERTON	2.31	10.00
FBNH	26.40	10.00
FLOURMILL	49.55	9.99
RTBRISCOE	3.32	9.93
NESTLE	890.00	9.88

Top Losers

Symbol	LClose	%Chg
VSPBONDETF	203.00	-24.81
STANBICETF30	442.26	-10.00
DAARCOMM	0.72	-8.86
ETERNA	32.15	-8.14
UNIVINSURE	0.36	-7.69

For more detailed analysis,

On InfoWARE Market Data Terminal <TOPG> <GO>
On InfoWARE Finance Mobile App ( Android, iPhone & iPad and Windows 10) , "Top Gainers & Losers"

Currency Market

In the currency market, the Naira fell 0.00%(-0.06) against the Dollar to settle at 1 to 1

NSE: Bull Signal - Price crossed above 15 Day MA

This signal implies these stocks are under buying pressure and the price might continue to rise and therefore positions should be monitored closely. Further suggested analysis include looking at the overall market (ASI) to see if the uptrend is market wide, sector wide or specific to the stock. Portfolio managers tend to use this as a signal to do more research to add to their positions or lock in some profits. Typically further analysis should be done using commands like PC and RV on the InfoWARE Market Data Terminal. Another command is ALERTS to set price triggers for possible exit or entry as necessary

For more detailed analysis,

On InfoWARE Market Data Terminal <NSEPERF> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Top Gainers & Losers"

Symbol	Price	%Chg	15DMA	PE	EPS	DivY	MktCap	Vol	Trades	Value	LstTradeTime
CWG	5.65	4.42	5.56	0.00	0.00	2.96	14.27B	743.23K	40.00	4.22M	12-Sep-2024 14:30:15.783
HONYFLOUR	4.08	1.96	4.02	13.02	0.31	1.75	32.36B	711.55K	43.00	2.86M	12-Sep-2024 14:30:16.660
AFRIPRUD	9.15	1.64	9.06	14.86	0.61	1.67	18.30B	738.94K	54.00	6.74M	12-Sep-2024 14:30:14.800
NGXMERIVAL	7,155.73	0.76	7,153.79	12.13	38.38	0.00	0.00	145.37M	2,370.00	3.37B	12-Sep-2024 14:30:31.353
NGXCNSMRGDS	1,559.82	0.55	1,557.10	30.19	55.24	0.00	0.00	9.54M	859.00	693.01M	12-Sep-2024 14:30:31.180
GTCO	45.65	0.44	45.62	6.40	7.10	5.94	1,343.53B	7.73M	421.00	354.82M	12-Sep-2024 14:30:16.580
VITAFOAM	18.50	0.00	18.48	7.22	2.56	8.43	23.14B	136.64K	23.00	2.48M	12-Sep-2024 14:30:21.243

NSE: BEAR Signal - Price crossed below 15 Day MA

This signal implies these stocks are under selling pressure and the price might continue to slide and therefore positions should be monitored closely. Further suggested analysis include looking at the overall market (ASI) to see if the downtrend is market wide, sector wide or specific to the stock. If the overal market trend is upwards, then since these stocks are heading in the opposite direction, then further analysis should be done using commands like PC and RV on the InfoWARE Market Data Terminal. Another command is ALERTS to set price triggers for possible exit is necessar

For more detailed analysis,

On InfoWARE Market Data Terminal <BEARM> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10)

Symbol	Price	%Chg	15DMA	PE	EPS	DivY	MktCap	Vol	Trades	Value	LstTradeTime
NGXLOTUSISLM	6,280.59	-0.20	6,280.85	1,270.93	62.77	0.00	0.00	9.29M	1,023.00	1.08B	12-Sep-2024 14:30:31.293
WEMABANK	6.40	-0.78	6.41	162.69	0.04	7.75	82.29B	2.76M	79.00	17.40M	12-Sep-2024 14:30:21.327
ELLAHLAKES	3.00	-4.33	3.03	0.00	0.00	0.00	6.00B	5.41M	96.00	16.42M	12-Sep-2024 14:30:48.793
OMATEK	0.72	-5.56	0.74	7.85	0.10	0.00	2.12B	952.04K	19.00	696.76K	12-Sep-2024 14:30:18.543
INTBREW	4.45	-5.62	4.66	0.00	0.00	5.32	119.54B	611.59K	26.00	2.77M	12-Sep-2024 14:30:16.927
SOVRENINS	0.63	-6.35	0.66	23.41	0.03	4.48	7.16B	10.45M	41.00	6.39M	12-Sep-2024 14:30:48.837
VSPBONDETF	203.00	-33.00	206.49			0.00	0.00	212.00	3.00	57.17K	12-Sep-2024 14:30:49.450

Market Trend - ASI (NGX All-Share-Index) With 50 & 200 Day MAvgs Chart

Technical traders typically use the 50 & 200 day moving averages to aid in choosing where to enter or exit a position, which then causes these levels to act as strong support or resistance. As a general guideline, if the price is above a moving average, the trend is up. If the price is below a moving average, the trend is down.
It is important to note that critics of technical analysis say that moving averages act as support and resistance because so many traders use these indicators to inform their trading decisions. Also moving averages tend to work quite well in strong trending conditions but poorly in choppy or ranging conditions.
Trading Strategies: Crossovers
Crossovers are one of the main moving average strategies. The first type is a price crossover, which is when the price crosses above or below a moving average to signal a potential change in trend. Another strategy is to apply two moving averages to a chart: one longer and one shorter. When the shorter-term MA crosses above the longer-term MA, it is a buy signal, as it indicates that the trend is shifting up. This is known as a golden cross. Meanwhile, when the shorter-term MA crosses below the longer-term MA, it is a sell signal, as it indicates that the trend is shifting down. This is known as a dead/death cross

For more detailed analysis,

On InfoWARE Market Data Terminal <CI> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Research"

Unusual Volume: Volume traded is more than double the 90 day moving average (All exchanges; ASI & ASem). For more detailed analysis,

On InfoWARE Market Data Terminal <UV> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10)

Symbol	Name	Volume	90DAvgVol	%VolChg	Price	LClose	%Chg	Trades	Value
ACCESSCORP	Access Holdings PLC	80.05M	27.93M	186.58	18.70	18.40	1.63	434	1.48B
CAVERTON	CAVERTON OFFSHORE SUPPORT GRP PLC	23.73M	1.37M	1,628.34	2.31	2.10	10.00	258	54.40M
SOVRENINS	SOVEREIGN TRUST INSURANCE PLC	10.45M	1.84M	469.05	0.63	0.67	-5.97	41	6.39M
RTBRISCOE	R T BRISCOE PLC.	9.71M	3.63M	167.74	3.32	3.02	9.93	151	31.66M
FLOURMILL	FLOUR MILLS NIG. PLC.	3.28M	754.13K	334.71	49.55	45.05	9.99	98	153.76M

Investment Insights - High Div. Stocks

Dividend stocks distribute a portion of the company earnings to investors on a regular basis and they can a great choice for investors looking for regular income. As an investment or trading strategy, high dividend yield equities provide annual cash payments as against mostly capital gains in the price of a stock. The list in the table below represent the highest dividend paying stocks from the list of the most liquid stocks in the NSE top 30.

For more detailed analysis,

On InfoWARE Market Data Terminal <HYIELD> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Research"

African Markets

Name	LClose	Change	%Chg
BRVM Stock Exchange	259.07	-0.47	-0.18
Botswana Stock Exchange	9,625.73	0.00	0.00
Egyptian Exchange	30,485.63	382.31	1.27
Ghana Stock Exchange	4,361.44	24.29	0.56
Johannesburg Stock Exchange	80,827.81	-816.44	-1.00
Lusaka Stock Exchange	15,745.81	86.13	0.55
Casablanca Stock Exchange	13,926.19	-23.71	-0.17
Malawi Stock Exchange	143,383.13	0.00	0.00
Nigeria Stock Exchange	96,715.04	-87.12	-0.09
Nairobi Securities Exchange	107.07	0.39	0.37
Namibian Stock Exchange	1,761.30	-18.15	-1.02
Rwanda Stock Exchange	145.47	0.00	0.00
Tunis Stock Exchange	9,779.71	4.89	0.05
Uganda Securities Exchange	1,059.39	0.11	0.01

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	97,025.17	0.32	0.85	0.24	-3.00	27.68	9,447
NGX30	3,592.74	0.36	0.70	0.07	-3.18	26.55	4,756
NGXAFRBVI	1,949.26	0.33	0.64	-2.12	3.80	-5.18	1,954
NGXAFRHDYI	13,128.09	0.03	2.24	0.18	22.75	77.55	1,929
NGXASEM	1,583.71	0.00	0.00	0.00	5.26	147.63	11
NGXBNK	876.26	1.52	1.65	1.12	5.64	-2.01	1,905
NGXCG	2,263.16	1.42	2.52	1.59	1.44	2.05	4,686
NGXCNSMRGDS	1,559.82	0.55	0.64	-0.61	-1.27	38.61	859
NGXGROWTH	5,511.95	0.06	0.19	-0.60	-1.20	-6.18	35
NGXINDUSTR	3,847.40	0.00	0.02	-0.24	-18.07	38.87	437
NGXINS	405.99	-0.41	-2.25	-2.13	5.18	25.04	432
NGXLOTUSISLM	6,280.59	-0.20	1.19	-0.48	-0.14	34.26	1,023
NGXMAINBOARD	4,776.19	0.23	0.22	-0.40	1.85	34.49	6,964
NGXMERIGRW	5,034.55	0.19	0.91	-1.59	9.74	9.44	1,072
NGXMERIVAL	7,155.73	0.77	0.46	-0.91	2.75	35.46	2,370
NGXOILGAS	1,932.05	-0.63	1.10	2.04	34.12	84.56	403
NGXPENBRD	1,691.33	0.36	0.99	0.22	-4.49	27.14	6,978
NGXPENSION	3,816.39	0.76	1.39	0.46	1.77	16.29	5,315
NGXPREMIUM	8,825.12	0.48	2.04	1.45	-10.56	21.81	2,448
NGXSOVBND	647.53	0.00	0.22	0.22	-15.47	-14.77	1

For more detailed analysis,

On InfoWARE Market Data Terminal <MKTINS> <GO>
On InfoWARE Finance Mobile App ( Android, iPhone & iPad and Windows 10) , "Market Indexes"